Thursday, July 22, 2010

Toronto Poised to sit out on economic expansion- Again

While Toronto sat out the last round of economic expansion, never having employment levels return to 1989 levels, it appears ready to repeat this feat of stupidity.

Looking at the most recent Toronto economic indicators it shows Toronto three month unemployment rate average (seasonally adjusted) went from 10.2% to 10.6% in the last twelve months. The Toronto CMA (including Toronto) the rate went down, from 9.7% to 9.5%. Keep in mind that the CMA had declining unemployment despite having Toronto’s increasing unemployment included in the figures.

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